Clinical Intelligence Market Research Report - Global Forecast till 2023

Clinical Intelligence Market Information: By Type (CDSS, Quality Improvement), Component (Service, Software), Application (Clinical, RCM), End User (Hospitals, Clinics, Tpas) - Global Forecast Till 2023

ID: MRFR/HCIT/3064-HCR | February 2021 | Region: Global | 110 pages

Market Synopsis of the Global Clinical Intelligence Market

Clinical Intelligence, also known as clinical data analytics, is a blend of technologies involving the use of data analysis to improve healthcare delivery. The data is gathered at the time of delivery of care into the information system and then analyzed to determine the performance indicators that may affect the productivity of a healthcare organization. Analyses of clinical data is useful to know the loopholes in the organization’s processes that hinders its growth. Various technologies available for clinical intelligence provide data about the factors contributing to the success of delivery of care.


The market for clinical intelligence is expected to grow at an exponential rate owing to an increase in the adoption of healthcare IT, urge of the use of Electronic Heath Records (EHR), rising importance of software solutions in insurance claim processing and fraud detection. Furthermore, increasing number of software companies engaged in healthcare IT and EHR influences the market growth across the globe.


High cost of clinical intelligence software solutions may restrain the market growth in developing countries.


The global clinical intelligence market is expected to grow at a CAGR of 12.5% during the forecast period. 


FIGURE 1: Global Clinical Intelligence Market by Region, 2016 (%)
Clinical Intelligence Market


Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation


Intended Audience



  • Healthcare Software Companies

  • Clinical Software Vendors

  • Market Research and Consulting Service Providers

  • Potential Investors


Key Players in the Global Clinical Intelligence Market 


Some of the key players in this market are IBM (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), Allscripts (U.S.), QSI Management, LLC (U.S.), General Electric Company (U.S.), eClinicalWorks (U.S.), McKesson Corporation (U.S.), and Greenway Health, LLC (U.S.).
Research Methodology:
Clinical Intelligence Market-
Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation


 


Segments                                                                                                                                            


The global clinical intelligence market is segmented on the basis of type, components, application, and end user.


On the basis of type, market is segmented into retrospective performance measures & predictive analytics, performance measurement systems, Clinical decision support (CDSS) System, quality improvement, clinical benchmarking, population health management and others. Quality improvement is further segmented into six sigma. Population health management is further segmented into over-utilization of health services and under-utilization of health services.


On the basis of component, the market is segmented into software, hardware, and services.


On the basis of application, the market is segmented into Clinical, Revenue Cycle Management (RCM) claim, fraud, supply chain, financial management and others.


On the basis of end user, the market is segmented into hospital, clinics, TPAs, and others.


Regional Analysis of the Global Clinical Intelligence Market               


America is the largest market for clinical intelligence owing to an increasing extensive use of software solutions for healthcare administration and available resources. North America accounts for the largest market share owing the presence of major healthcare IT companies enjoying global presence namely IBM, Allscripts, GE Electric Company and QSI Management, LLC. According to National Coordinator of Health Information Technology, patient engagement EHR functionalities became more prevalent in the U.S. hospitals from 2013 to 2015. Furthermore, the use of Decision Support System is found to be increasing among tertiary care centers in the U.S.


Europe is the second largest market for clinical intelligence which is estimated to adopt a steady growth in the near future due rising number of healthcare providers using clinical management softwares and technological advancement in healthcare IT especially EHR and patient engagement platform.


In Asia Pacific, the market is expected grow at the fastest rate with factors such as rising demand for healthcare IT, increasing healthcare expenditure and rising number of healthcare software solution providers. Furthermore, increasing burden of diseases and increasing demand for patient records management also boost the market growth during the review period.


The Middle East & Africa also show a steady rise in the market owing to low demand for healthcare IT, especially in Africa owing to low healthcare expenditure and need for primary care services.



Frequently Asked Questions (FAQ) :


Clinical intelligence market is projected to grow at a 12.5% CAGR between 2017- 2023.

The Americas is expected to dominate the clinical intelligence market.

Increasing adoption of healthcare IT and rising number of software companies engaged in healthcare IT are the key factors driving the clinical intelligence market growth.

High cost of software may limit the clinical intelligence market growth.

Key players profiled in the clinical intelligence market include Greenway Health, LLC (U.S.), McKesson Corporation (U.S.), eClinicalWorks (U.S.), General Electric Company (U.S.), QSI Management, LLC (U.S.), Allscripts (U.S.), Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), and IBM (U.S.).

Table of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

6. Global Clinical Intelligence Market, by Type

6.1 Introduction

6.2 Retrospective Performance Measures and Predictive Analytics

6.2.1 Market Estimates & Forecast, 2017-2023

6.3 Performance measurement systems

6.3.1 Market Estimates & Forecast, 2017-2023

6.4 Clinical decision support (CDSS) systems

6.4.1 Market Estimates & Forecast, 2017-2023

6.5 Quality Improvement

6.5.1 Market Estimates & Forecast, 2017-2023

6.6 Clinical Benchmarking

6.6.1 Market Estimates & Forecast, 2017-2023

6.7 Clinical Decision Support

6.7.1 Market Estimates & Forecast, 2017-2023

6.8 Population Health Management

6.8.1 Market Estimates & Forecast, 2017-2023
7. Global Clinical Intelligence Market, by Component

7.1 Introduction

7.2 Software

7.2.1 Market Estimates & Forecast, 2017-2023

7.3 Hardware

7.3.1 Market Estimates & Forecast, 2017-2023

7.4 Services

7.4.1 Market Estimates & Forecast, 2017-2023

8. Global Clinical Intelligence Market, by Application

8.1 Introduction

8.2 Clinical

8.2.1 Market Estimates & Forecast, 2017-2023

8.3 Revenue Cycle Management

8.3.1 Market Estimates & Forecast, 2017-2023

8.4 Claim Processing

8.4.1 Market Estimates & Forecast, 2017-2023

8.5 Fraud Management

8.5.1 Market Estimates & Forecast, 2017-2023

8.6 Supply Chain

8.6.1 Market Estimates & Forecast, 2017-2023

8.7 Financial Management

8.7.1 Market Estimates & Forecast, 2017-2023

9. Global Clinical Intelligence Market, by End User

9.1 Introduction

9.2 Hospital

9.2.1 Market Estimates & Forecast, 2017-2023

9.3 Clinics

9.3.1 Market Estimates & Forecast, 2017-2023

9.4 TPAs

9.4.1 Market Estimates & Forecast, 2017-2023

10. Global Clinical Intelligence Market, by Region

10.1 Introduction

10.2 Americas

10.2.1 North America

10.2.1.1 US

10.2.1.1 Canada

10.2.2 South America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 UK

10.3.1.4 Italy

10.3.1.5 Spain

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 Republic of Korea

10.4.6 Rest of Asia Pacific

10.5 The Middle East & Africa

10.5.1 United Arab Emirates

10.5.2 Saudi Arabia

10.5.3 Oman

10.5.4 Kuwait

10.5.5 Qatar

10.5.6 Rest of the Middle East & Africa

11 Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Development & Strategies

11.3.1 Key Developments

12 Company Profiles

12.1 IBM

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials

12.1.4 SWOT Analysis

12.2 Allscripts

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 Cerner Corporation

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 Epic Systems Corporation

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 QSI Management, LLC

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.6 McKesson Corporation

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.7 Greenway Health, LLC

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financials

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Others

13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s View Point

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Prediction of Pharmaceutical Industry

14 Appendix
LIST OF TABLES

Table 1 Clinical Intelligence Industry Synopsis, 2017-2023

Table 2 Global Clinical Intelligence Market Estimates and Forecast, 2017-2023, (USD Million)

Table 3 Global Clinical Intelligence Market by Region, 2017-2023, (USD Million)

Table 4 Global Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 5 Global Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 6 Global Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 7 Global Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 8 North America Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 9 North America Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 10 North America Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 11 North America Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 12 US Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 13 US Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 14 US Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 15 US Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 16 Canada Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 17 Canada Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 18 Canada Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 19 Canada Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 20 South America Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 21 South America Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 22 South America Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 23 South America Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 24 Europe Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 25 Europe Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 26 Europe Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 27 Europe Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 28 Western Europe Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 29 Western Europe Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 30 Western Europe Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 31 Western Europe Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 32 Eastern Europe Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 33 Eastern Europe Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 34 Eastern Europe Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 35 Eastern Europe Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 36 Asia Pacific Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 37 Asia Pacific Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 38 Asia Pacific Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 39 Asia Pacific Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

Table 40 Middle East & Africa Clinical Intelligence Market by Types, 2017-2023, (USD Million)

Table 41 Middle East & Africa Clinical Intelligence Market by Component, 2017-2023, (USD Million)

Table 42 Middle East & Africa Clinical Intelligence Market by Application, 2017-2023, (USD Million)

Table 43 Middle East & Africa Clinical Intelligence Market by End Users, 2017-2023, (USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Clinical Intelligence Market

Figure 3 Segmentation Market Dynamics for Clinical Intelligence Market

Figure 4 Global Clinical Intelligence Market Share, by Component 2016

Figure 5 Global Clinical Intelligence Market Share, by Application 2016

Figure 6 Global Clinical Intelligence Market Share, by End Users, 2016

Figure 7 Global Clinical Intelligence Market Share, by Region, 2016

Figure 8 North America Clinical Intelligence Market Share, by Country, 2016

Figure 9 Europe Clinical Intelligence Market Share, by Country, 2016

Figure 10 Asia Pacific Clinical Intelligence Market Share, by Country, 2016

Figure 11 Middle East & Africa Clinical Intelligence Market Share, by Country, 2016

Figure 12 Global Clinical Intelligence Market: Company Share Analysis, 2016 (%)

Figure 13 IBM: Key Financials

Figure 14 IBM: Segmental Revenue

Figure 16 IBM: Geographical Revenue

Figure 17 Allscripts: Key Financials

Figure 18 Allscripts: Segmental Revenue

Figure 19 Allscripts: Geographical Revenue

Figure 20 Cerner Corporation: Key Financials

Figure 21 Cerner Corporation: Segmental Revenue

Figure 22 Cerner Corporation: Geographical Revenue

Figure 23 Epic Systems Corporation: Key Financials

Figure 24 Epic Systems Corporation: Segmental Revenue

Figure 25 Epic Systems Corporation: Geographical Revenue

Figure 26 McKesson Corporation: Key Financials

Figure 27 McKesson Corporation: Segmental Revenue

Figure 28 McKesson Corporation: Geographical Revenue

Figure 29 QSI Management, LLC: Key Financials

Figure 30 QSI Management, LLC: Segmental Revenue

Figure 31 QSI Management, LLC: Geographical Revenue

Figure 32 Pfizer Inc: Key Financials

Figure 33 Pfizer Inc: Segmental Revenue

Figure 34 Pfizer Inc: Geographical Revenue